Friday, June 10, 2011

The Obama Economy

The ObamaMedia is beside itself right now .. it can’t seem to understand why or how Barack Obama’s economic policies aren’t translating into jobs and growth. This must be the case because they seem to be caught quite off-guard with all of these “unexpected” jobs figures. Unwilling to blame their savior, Barack Obama, they are now trying to come up with other ways to justify this lousy economy.

I know … let’s blame the Republicans!

Take a look at this headline: Are Republicans Intentionally Sabotaging Economy For Political Gain? Can you believe that? The headline doesn’t ask if Democrats are scaring the diapers off old ladies for political gain. Not, it’s the Republicans sabotaging the economy.

Even though the Democrats held the presidency and the Senate since 2009 (the Democrats have held both houses from 2007 until last year), somehow it is all the Republicans’ fault. The Democrats haven’t presented a budget in how many years now? And it’s the Republicans who are sabotaging the economy? I’ve said it since the day Barack Obama was inaugurated .. I hoped that he would become the greatest president this nation has ever seen and that our economy would flourish over the next years. This is because I care about this country that I love more than I care about a Democrat getting credit for ‘saving’ it. Unfortunately that has not turned out to be the case. I now believe based on the decisions that Obama has made as president, that he has a fundamentally different idea of what makes this nation and our economy great. He is a man who believes in a centrally planned economy and bigger government. How is that working out for us?

If the rate of labor force participation in June 2011 were the same as it was in June 2009 (65.7%), the reported unemployment rate would be 11.2% rather than 9.1%. If June 2011 labor force participation were 66.2%, which is where it was when Obama promised that his “stimulus” program would prevent unemployment from exceeding 8.0%, the June 2011 unemployment rate would come in at 11.9%.

Being a leader means taking ownership of your triumphs and your failures, but with the ObamaMedia in tow, Obama isn’t really forced to do that.